Tag: India
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President Trump has signaled that the United States and India are “pretty close” to reaching a trade deal, an unexpected development given the recent frictions and policy divergences between the two countries. India’s Ministry of Commerce declined to comment on Tuesday, November 11th, but Trump’s remarks suggest that tariff relief could be on the horizon.…
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Author: Maria Pechurina, Director of International Trade @ Peacock Tariff Consulting Status Quo: US-India Deeply Intertwined & Complex Trade Relationship Before the recent tariff escalations, the U.S. and India shared a robust and growing bilateral trade relationship. In 2024, total trade reached approximately $212.3 billion, an 8.3% increase from the previous year, signifying a good…
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In a landmark ceremony at Chequers, UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi signed a £6 billion free trade agreement, concluding over three years of negotiations. This pact is the largest trade deal Britain has signed since Brexit, and it signals a bold pivot toward high-growth economies and strategic alliances. Summary:…
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India–Bangladesh Textile Pact of July 20, 2025: A Strategic Stitch in South Asian Trade Relations On July 20, 2025, India and Bangladesh signed a landmark bilateral trade agreement focused on textiles and jute, marking a significant shift in regional economic cooperation. The pact includes India’s decision to lower duties on Bangladeshi garments, a move welcomed…
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As the world witnesses a paradigm shift in globalization, the upcoming India–UK Mini Deal is a milestone that blends economic pragmatism with strategic ambition. Slated for signing in July 2025 during Prime Minister Narendra Modi’s official visit to London, this compact but powerful trade agreement sets the stage for deeper cooperation between two countries that…
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What Is BRICS? BRICS is a geopolitical and economic alliance originally formed by Brazil, Russia, India, China, and South Africa. The acronym was coined in 2001 by economist Jim O’Neill to describe emerging economies poised to reshape global power. Since then, BRICS has evolved from a loose economic concept into a formal intergovernmental organization. As…
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Canada and India are two democracies with shared values, complementary economies, and a long-standing history of people-to-people ties. As India continues its ascent as a global economic powerhouse and Canada seeks to diversify its trade beyond traditional partners like the U.S. and EU, the bilateral relationship is gaining strategic urgency. In FY2024, total merchandise trade…